Cobra's Market View

wow. this market is rough today. guess no green day.

bearish 1-2-3 formation target. I have no confidence at all on 1-2-3 target.

cards are in trouble too. ma just lost 300 mark

Last support and the hope for the bulls today, this support should hold today for them to be saved

I am done for the day, holding no positions over night.

(3 roundtrip trades today)

aftermarket last night UPRO and avg down premarket today avg price of 39.80ish - sold at 40.50

tna - 27.53 out at 28.30ish

spxu - 22.05 out at 23.20


good day good day see ya tmrw

technically the US is now finally in bear market territory with break of 1090. ( 20% decline from the highs )

Updates with small trend lines

AAPL key time. hold would be potential double bottom, breakdown would be bad.

I have ridden the wave down hard and I am finally seeing some divergences that tell me lift off may be upon us. I will watch to see if we get a close above 1090....if so, I believe up strong tomorrow.

soku wrote:

KENA wrote:We are now in offical Bear mkt..Lets look for test of 1040/1020

thanks for the announcement.
now can u take a look at my tractor? it is a little bit too strong today. what do u think?

I got out of tractors with a small profit.I did not know that you bought any are you still holding.It is hard to know what this mkt will do.I will be holding SPY short with a call protection.So lets see.

I think we stop here to create a Doji so no one gets a heads up on tommorrows trade...

Cobra wrote:AAPL key time. hold would be potential double bottom, breakdown would be bad.

looks like a breakdown. -_- will the broader market now follow?

SB73 wrote:I have ridden the wave down hard and I am finally seeing some divergences that tell me lift off may be upon us. I will watch to see if we get a close above 1090....if so, I believe up strong tomorrow.

VIX closing back inside the BB...$NYLOW too high, Put call ratio too high

Apple absolutely crushed. Its selling as if no one will buy another apple product lol!

no strong rebound till the close then it's bears victory. still 49 min to go, bears need pray.

KENA wrote:

soku wrote:

KENA wrote:We are now in offical Bear mkt..Lets look for test of 1040/1020

thanks for the announcement.
now can u take a look at my tractor? it is a little bit too strong today. what do u think?

I got out of tractors with a small profit.I did not know that you bought any are you still holding.It is hard to know what this mkt will do.I will be holding SPY short with a call protection.So lets see.

i know u ran like chicken. that's why i am saying it is my tractor.
still in, since the first day that i disclosed here. and i have stock, not option. so my exposure is a little bit bigger than usual. this morning it dip below 60 then rally back over 62. now it still in positive territory. i think we may have chance to see 57.

AAPL breakdown. I don't understand, is name that important? what if AAPL names its new product iphone 5 instead of iphone 4s, would the world be saved?

Cobra wrote:no strong rebound till the close then it's bears victory. still 49 min to go, bears need pray.

If we close around here, wouldn't tomorrow most likely be a small green day?

One thing that is bad for the mkt..UTLI one of the indicators I follow broke its 50dma and that will carry this mkt lower.Wait and see.Back to the BEAR camp.

multiple supports here for AAPL.